tag:blogger.com,1999:blog-449606627589080490.post8973118184750121260..comments2017-12-05T01:39:50.854-06:00Comments on The Ron Paul Survival Report: Ron Paul confused on inflation, healthcareRon Lawlhttp://www.blogger.com/profile/01086109227989407484noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-449606627589080490.post-41755072245275793082008-01-06T17:58:00.000-06:002008-01-06T17:58:00.000-06:00The nonsense of the gold standard was already expl...The nonsense of the gold standard was already explained in a previous article.<BR/><BR/><A HREF="http://ronpaulsurvivalreport.blogspot.com/2008/01/jake-young-im-convinced-gold-standard.html" REL="nofollow">Jake Young: I'm convinced. The gold standard is a bad idea.</A>Ron Lawlhttps://www.blogger.com/profile/01086109227989407484noreply@blogger.comtag:blogger.com,1999:blog-449606627589080490.post-72697279603025470082008-01-06T12:28:00.000-06:002008-01-06T12:28:00.000-06:00Ok clearly you don't understand that the Fiat syst...Ok clearly you don't understand that the Fiat system is flawed because of one simple fact. There is no check on how much the Federal Reserve can print. For instance we just had a 100 billion dollar infusion of cash into the war effort. This is after the budget had been approved. Where did this magical cash come from? A loan from the Fed. When more money is printed the value of the money in your hand goes down. Basic econ 101 my friend. If you argue the Fed doesn't have that kind of power then why do they have autonmous control interest rates? The pound is now worth $2 when 8 years ago is was $1.3. Inflation is real. A standard set on precious metals curbs the ability to print money; therefore curbs inflation. You are a bright person and can clearly see the logic behind this.Anonymousnoreply@blogger.com